OTC: PKCOY - PARK24 Co., Ltd.

Price = EPS * (1 + CAGR EPS) / (Key Rate * Excess Key Rate)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — 关键利率
Excess Key Rate — 期望超出关键利率
EPS = 0.6543
CAGR EPS = -59.14%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 0.6543 * (1 + -59.14%) / (0.0433 * 2) = 3.09

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.016
Ebitda Yield = -0.4805
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.026
Debt = 159.61
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 159.61) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.75
β = 1.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.48 * 5.94 + 0 = 0.1156
WACC = (0.026 / 159.61) * (100% - 0) * (1 - 0.21) + 0.1156 + 0 = 0.0129
Terminal Value = Discount (0.016 * (1 + -0.4805) / (0.0129 - -0.4805)) = 0.0173
Company Value = ∑ (0.016 / (1 + 0.0129) ^ 5) = 0.4394
Price = (Terminal Value + Company Value) / Count shares = (0.0173 + 0.4394) / 184780000 = 2.47

Price = (Terminal Value + Company Value) / Count shares
Price - 价格公道
Terminal Value — 预测后期间的成本
Company Value — 预测期内的成本
Count shares - 股份数量
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 362.51
FCF Yield = 0.7506
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - 偿债成本
Debt - 责任
Weight Debt - 相对于债务的资本权重
Weight Cost Debt - 债务权重相对于资本总额
Tax - 税
Interest Expense = 0.026
Debt = 159.61
Market Cap = 0
Weight Debt = Market Cap / (Market Cap + Debt) = 0 / (0 + 159.61) = 0
Weight Cost Debt = 100% - 0 = 1
Tax = 0.21
Cost Of Equity — 贴现率
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — 无风险回报率
β (beta) — 确定股票（资产）相对于市场的风险度量，并显示股票盈利能力变化相对于市场盈利能力变化的敏感性。
Risk Premium — 风险溢价——投资股票的风险溢价
Country Premium - 国家风险
k(f) = 2.75
β = 1.48
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.75 + 1.48 * 5.94 + 0 = 0.1156
WACC = (0.026 / 159.61) * (100% - 0) * (1 - 0.21) + 0.1156 + 0 = 0.0129
Terminal Value = Discount (362.51 * (1 + 0.7506) / (0.0129 - 0.7506)) = 845.08
Company Value = ∑ (362.51 / (1 + 0.0129) ^ 5) = 793.64
Price = (Terminal Value + Company Value) / Count shares = (845.08 + 793.64) / 184780000 = 8868.51